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Federal general rates, after federal
tax abatement and general rate reduction:

21% before January 1, 2008

19.5% effective January 1, 2008

19% effective January 1, 2009

18% effective January 1, 2010

16.5% effective January 1, 2011

15% effective January 1, 2012

NL, NT, NU and PE use the federal small business limit.

Alberta's business limit is increased effective April 1, 2008,
and increasing to $500,000 on April 1, 2009.

BC's 11% rate was effective July 1, 2008.
The 2009 Budget announced that the
general rate would be reduced to 10.5% January 1, 2010, and to 10% effective
January 1, 2011. The 2.5% small business rate is effective December 1,
2008.

Manitoba's general tax rate is reduced to 13% effective July 1, 2008,
and to 12% effective July 1, 2009. The small business rate is reduced to 1% for 2009.
The 2009 reductions are subject to budget balancing provisions.

Nova Scotia has a new
small business tax deduction which eliminates Nova Scotia corporate income
tax for the first 3 taxation years of an eligible new small business (CCPC) after
incorporation.

Ontario announced on January 2, 2008 that their small business limit is
increased to $500,000 retroactive to January 1, 2007.

Prince Edward Island's small business rate is reduced effective April 1, 2008, and
is further reduced to 2.1% effective April 1, 2009 and 1% effective April 1,
2010.

Quebec's general rate increases to 11.9% for 2009 and later years.
The Quebec 2009 budget proposes to increase the business limit to $500,000,
effective March 20, 2009.

Saskatchewan's general tax rate is decreased, and the small business limit is
increased effective July 1, 2008.

2009 Federal
Budget increased the business limit to $500,000 for 2009. This
change was included in Bill C-10, which received Royal Assent on March 12,
2009.